Treasury Secretary Scott Bessent’s husband, John Freeman, held $100,000 to $250,000 of JPMorgan Chase stock that was misclassified as cash in Bessent’s early-2025 nominee disclosure. The filing valued the position as cash worth $1 million to $5 million. The error was identified in July 2025, and Freeman sold the shares on July 14 for between $100,001 and $250,000. Bessent paid a $200 late-filing fee after missing the required report for the sale. Treasury ethics official Mark Vetter attributed the mistake to outside counsel handling the divestiture. The Treasury Inspector General found no knowing violation of federal ethics or conflict-of-interest laws, and the Office of Government Ethics certified Bessent’s annual disclosure on Sept. 22, 2026. The matter followed other divestiture issues, including delayed sales of North Dakota farmland that were completed by Dec. 15, 2025. Bessent’s disclosed assets exceed $228 million, and he reported at least $5.1 million in 2025 income.